Home Alts News Preferred Capital Securities Adds External Wholesaler for Great Lakes Region

Preferred Capital Securities Adds External Wholesaler for Great Lakes Region

Preferred Capital Securities LLC, an independent managing broker-dealer, announced that Rob Babcock has joined the organization as regional vice president covering Minnesota, Wisconsin, Illinois and Indiana.

PCS says Babcock will be responsible for expanding and maintaining relationships with financial advisors in the Great Lakes region.

“Rob comes to us with an extensive career in the alternative investment industry, bringing with him many valued relationships. I am confident with his strong background, he will contribute to the further growth of our organization,” said Eric Graber, president and national sales manager for Preferred Capital Securities.

Babcock has more than 20 years of experience in the financial industry working for multiple companies focusing on alternative asset investments. Before joining PCS, he was with Carter Funds as a senior vice president, responsible for presenting investment solutions to financial professionals, individual investors and institutions. Prior to Carter Funds, Babock was with Owl Rock Securities as a regional vice president. According to LinkedIn, he also served NorthStar Securities LLC as senior regional vice president.

He earned a bachelor’s degree in international management and Japanese studies from Gustavus Adolphus College in St. Peter, Minnesota.

Preferred Capital Securities is a third-party managing broker dealer focused on the wholesale distribution of alternative investments to independent broker-dealers and registered investment advisors across the United States and Puerto Rico. Since inception in 2011, the company has reportedly raised $4.1 billion in retail capital across eight offerings which have issued approximately $1 billion in liquidity for its investors.

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